SEC Form 4 · accession 0000884905-18-000008
PRAXAIR INC · PX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen F Angel
Officer — Chairman, President & CEO · Director
Period of report
Jan 26, 2018
Accepted (ET)
Jan 30, 2018 · 5:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000884905
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 26, 2018 | M | 204,640 | $76.16 | A | 353,350 | D | |
| Common StockF1 | Jan 26, 2018 | F | 144,854 | $164.25 | D | 208,496 | D | |
| Common StockF8 | Jan 30, 2018 | G | 86,222 | $0.00 | D | 122,274 | D | |
| Common Stock | holding | — | — | — | 2,268 | I | In trust for children | |
| Common Stock | holding | — | — | — | 122,063 | I | Grantor Retained Annuity Trusts | |
| Common Stock | holding | — | — | — | 34,272 | I | Angel Descendants Trust | |
| Common Stock | holding | — | — | — | 9,153 | I | 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2 | $76.16 | Jan 26, 2018 | M | 204,640 | D | Feb 23, 2011 | Feb 23, 2020 | Common Stock | 204,640 | 0 | D |
| Stock Option (right to buy)F2 | $97.84 | holding | — | — | — | Feb 22, 2012 | Feb 22, 2021 | Common Stock | 218,175 | 218,175 | D |
| Stock Option (right to buy)F2 | $109.68 | holding | — | — | — | Feb 28, 2013 | Feb 28, 2022 | Common Stock | 236,510 | 236,510 | D |
| Stock Option (right to buy)F2 | $110.58 | holding | — | — | — | Feb 26, 2014 | Feb 26, 2023 | Common Stock | 187,015 | 187,015 | D |
| Stock Option (right to buy)F2 | $128.80 | holding | — | — | — | Feb 25, 2015 | Feb 25, 2024 | Common Stock | 203,930 | 203,930 | D |
| Stock Option (right to buy)F3 | $128.38 | holding | — | — | — | Feb 24, 2016 | Feb 24, 2025 | Common Stock | 261,075 | 261,075 | D |
| Stock Option (right to buy)F4 | $102.22 | holding | — | — | — | Feb 23, 2017 | Feb 23, 2026 | Common Stock | 416,355 | 416,355 | D |
| Stock Option (right to buy)F5 | $118.71 | holding | — | — | — | Feb 28, 2018 | Feb 28, 2027 | Common Stock | 435,850 | 435,850 | D |
| Deferred Stock UnitF6,F7 | $0.00 | holding | — | — | — | — | — | Common Stock | 67,018 | 67,018 | D |
Explanation of responses
- F1Shares withheld from option exercise to pay the option exercise price and taxes. No market sale of shares occurred. The reporting person acquired and held 59,786 shares net of the shares withheld.
- F2This option became exercisable in three (3) equal annual installments beginning on the first anniversary of the date of grant.
- F3This option vests over three years in three consecutive equal annual installments beginning on February 24, 2016.
- F4The option vests over three years in three consecutivve equal annual installments beginning on February 23, 2017.
- F5This option vests over three years in three consecutive equal annual installments beginning on February 28, 2018.
- F6Conversion to Praxair Common Stock is on a 1-for-1 basis.
- F7Deferred stock units acquired under the Praxair Compensation Deferral Plan as amended ("Deferral Plan") and are to be settled in Praxair Common Stock.
- F8Gift of shares; no market transaction occurred.